A bullish Bat pattern is evident in Monmouth Realty. The latest quarterly earning were solid: MNR-reported Core Funds from Operations (Core FFO) of $12,752,000 or $0.19 per diluted share for the three months ended June 30, 2016 as compared to $9,044,000 or $0.15 per diluted share for the three months ended June 30, 2015 representing an increase in Core FFO per share of 26.7%. Adjusted Funds from Operations (AFFO), for the three months ended June 30, 2016 was $12,431,000 or $0.19 per diluted share versus $8,884,000 or $0.15 per diluted share for the three months ended June 30, 2015 representing an increase in AFFO per share of 26.7%. For 9 months Net Income $22,302,000 vs. $15,418,000, Net Income Attributable to Common Shareholders $15,847,000 (2016) vs. $8,963,000 (2015).
The fundamentals and technicals suggest much higher prices. The daily chart is in a very solid up-trend. Disclaimer: I am long this stock. Good luck to you. Don.